Committee on Energy excludes fall in world oil prices when increasing U.S. oil production

Vice Chairman of the Committee on Energy excludes fall in world oil prices when increasing U.S. oil production

Date: 17/11/2012 10:37:24 Saturday

Baghdad (news) .. Ruled Vice Chairman of the Oil and Energy Committee MP / National Alliance / Ali Fayad, falling oil prices in global markets at the asylum United States to increase its oil production, as a result of the growing demand for oil and energy globally.
said Fayad (of the Agency news) on Saturday: The economics the world will not depend on the production and export of U.S. oil because the world is witnessing development in all areas and this development requires consumption of oil and energy in large quantities, especially Asian countries and the Middle East, which rely heavily on Iraqi oil and the Gulf. added: that the expectation that increased U.S. its production capacity oil will not affect the global prices of crude oil because demand is increasing day by industrialized countries to buy oils. predicted Fayad: that Iraq would be a leader in the field of oil and has an active role and great responsibility to meet the global need of petroleum products and power and which have transfers industrial consuming countries oil, so it is by the United States to increase its production capacity and export of oil does not affect mainly the situation of oil and economic in the world. confirmed the International Energy Agency Ban United States will increase its production capacity of crude oil, unexpected superiority over Saudi Arabia in terms of production during the year ( 2020). / end / 8. d. Q /

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